This scheme incentivises property owners to invest in solar energy systems by offsetting their electricity bills and potentially earning revenue from surplus energy generation by AUFA MARDHIAH & ZAHIN ZAILANI IN MALAYSIA, both commercial and residential properties have been increasingly adopting solar power installations. The Net Energy Metering (NEM) scheme allows property owners to install…
Read MoreKUALA LUMPUR (April 24): I-Bhd, which develops properties and operates theme parks, said on Wednesday it is planning to issue preference shares to its major shareholder in a deal that could raise up to RM100 million. The proposal calls for the issuance of up to 100 million redeemable preference shares to Sumurwang Sdn Bhd at…
Read MoreKUALA LUMPUR (April 24): AME Real Estate Investment Trust (AME REIT) recorded a 11.9% growth in net property income (NPI) in the fourth quarter ended March 31, 2024 (4QFY2024) to RM11.4 million, from the previous corresponding quarter, driven by a 15.9% increase in rental income. During the quarter, AME REIT registered RM12.48 million in rental…
Read MoreKUALA LUMPUR (April 24): Suria KLCC’s established reputation as a premier shopping destination has set it apart from other malls in the same vicinity, which provided it an effective buffer against new competition, according to KLCCP Stapled Group chief executive officer Datuk Md Shah Mahmood. Suria KLCC recently become a wholly owned subsidiary of KLCCP,…
Read MoreKUALA LUMPUR (April 24): OCR Group Bhd on Wednesday entered into a deal with a landowner to jointly develop a residential project on 18.37 acres (7.43 hectares) of freehold land in Templer, Rawang, with an estimated gross development value of RM313 million. The project comprises 118 semi-detached houses, 37 bungalow lots, and five shoplots, the…
Read MoreKUALA LUMPUR (April 25): Eden Inc Bhd’s major shareholder Tan Sri Abd Rahim Mohamad is proposing to settle a RM45.65 million debt his company owes Eden by transferring the ownership of a 2.4 million sq ft (about 55 acres) leasehold land to the listed entity. Abd Rahim — the father-in-law of entrepreneur Datuk Fakhri Yassin…
Read MoreTeh considers the real estate as a good business venture that comes with low risk, low cost and high profit. It was in 2017 when Joseph Teh’s tenant-turned-friend told the former he wished to sell his commercial land in Cheras. However, his asking price was RM500 psf, which was significantly higher than the market price….
Read MoreKUALA LUMPUR (April 23): Sunway Property, the property arm of Sunway Bhd, is set to preview the first phase of Sunway Velocity 3 in Cheras, Kuala Lumpur on Saturday (May 4) in its recently opened sales gallery. According to a press release issued on Tuesday, phase 1 of Sunway Velocity 3 comprises two serviced residence…
Read MoreKUALA LUMPUR (April 23): Inta Bina Group Bhd has bagged a contract worth RM169.67 million to develop a serviced apartment project in Country Heights. In a bourse filing on Tuesday, the group said its wholly-owned subsidiary Inta Bina Sdn Bhd received the contract from Next Delta Sdn Bhd. The job scope involves the development of…
Read MoreKUALA LUMPUR (April 23): While the opening of The Exchange TRX is anticipated to intensify competition in the malls sector, Pavilion Real Estate Investment Trust (PavREIT) said footfalls at its malls nearby — Pavillion KL and the connected Pavilion Elite — remain unaffected, and they are still enjoying over 95% occupancy rates. PavREIT chief executive…
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